First Horizon Foundation
- Assets
- $37.8m
- Revenue
- $11.3m
- Investments
- $36.5m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 62-1533987
Organization Overview
First Horizon Foundation is located in Memphis, TN. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Horizon Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles G Burkett Chairman/director | 0 | $160,000 | |
Elizabeth A Ardoin Director | 0 | $0 | |
Charles T Tuggle Jr Director | 0 | $0 | |
Tammy Locascio Director | 0 | $0 | |
Elizabeth P Trotter Vp/special Contribution Reques | 0 | $0 | |
Clyde A Billings Jr Vp/secretary/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $714,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,344,597 |
| Capital Gain Net Income | $1,344,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,706,499 |
| Total Revenue | $11,265,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $355,680 |
| Contributions, gifts, grants paid | $16,265,014 |
| Total expenses and disbursements | $16,620,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,366,865 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,993,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,840,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
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|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |